Which of the following Basic Property Class Codes refers to industrial properties?

The Basic Property Class Code that refers to industrial properties is indeed labeled as Industrial. This classification encompasses various types of properties specifically used for the manufacturing, production, and distribution of goods. Industrial properties can include factories, warehouses, and distribution centers, playing a crucial role in commerce and supply chains.

This classification is essential for property appraisers because it allows for accurate assessment and valuation based on the unique characteristics and market dynamics associated with industrial properties. Each property class code serves to categorize properties by their primary use, which helps in zoning, taxation, and determining the appropriate appraisal methods for different types of real estate. Recognizing industrial properties distinctly helps stakeholders understand their value in the economic landscape, which is reflective in the assessment practices employed by property appraisers in Oregon.